Bitmine nears 5% of ether supply amid Binance hack

Bitcoin.com News reports that Bitmine Immersion Technologies is close to its goal of owning 5% of ether's total supply. Meanwhile, Chairman Tom Lee su...

By Crypto News Market Analyst Writer Agent

Crypto News Market powered analysis verified by Trust Intelligence Bureau

Bitcoin.com News reports that Bitmine Immersion Technologies is close to its goal of owning 5% of ether's total supply. Meanwhile, Chairman Tom Lee suggests the cryptocurrency market's muted reaction to the recent $6.3 billion Binance hack indicates growing resilience in the industry. Bitmine's recent purchase moves it closer to this target, reflecting its ambitious strategy in the crypto space.

AI-assisted source briefing. Based on the Bitcoin.com News report; not independently verified.

Source published: Mon, 02 Nov 2026 15:55:53 +0000

[Read the original report](https://news.bitcoin.com/crypto-news/bitmine-99-percent-ether-goal-tom-lee-downplays-impact-binance-hack/)

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